The accelerator confirmed to TechCrunch that it only had one Latin American company, Salvy, in its latest batch, Winter 2024. This is significantly lower compared to past batches, indicating a decline.
The reduction in Latin American startups participating in Y Combinator's batches could be linked to changes like the lack of global outreach efforts such as physical tours. This decline reflects an ongoing trend.
Cristóbal Griffero from Fintoc pointed out the decrease in YC deals overall, particularly affecting Latin American startups. The region's representation dropped from 8% in W22 to less than 1% in the latest batch, indicating a disproportionate impact.
#y-combinator #latin-american-startups #global-outreach-efforts #startup-funding #impact-of-covid-19
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